Guideline Value for THIRUVALLUVAR NAGAR 27TH CROSS STREET

Thiruvalluvar Nagar 27th Cross Street guideline value

The current guideline value of Thiruvalluvar Nagar 27th Cross Street is Rs 7,150 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Thiruvalluvar Nagar 27th Cross Street has changed

The guideline value for Thiruvalluvar Nagar 27th Cross Street has seen several revisions over the years. In 2002, the guideline value was Rs 1,127 per sq.ft, which increased to Rs 1,247 per sq.ft in 2003. Following this, the value rose to Rs 1,800 per sq.ft in 2007, marking a significant increase of 44% from the previous revision. The value then surged to Rs 6,500 per sq.ft in 2012, representing a remarkable increase of 261%. However, it dropped to Rs 4,355 per sq.ft in 2017, a decrease of 33%. The most recent revisions show an increase to Rs 6,500 per sq.ft in 2023 and a further rise to Rs 7,150 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 534%. The register has no figure for this street for the years not mentioned.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft, with a median value of Rs 9,900 per sq.ft. The guideline value of Thiruvalluvar Nagar 27th Cross Street is below this median.

• Thiruvalluvar Nagar 26th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 28th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 25th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 29th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 24th Cross Street: Rs 7,150 per sq.ft (2024)
• Thiruvalluvar Nagar 2nd Avenue: Rs 8,250 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar 27th Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 7,150 per sq.ft, the guideline value amounts to Rs 71,50,000. The stamp duty at 7% would be Rs 5,00,500, and the registration fee at 2% would be Rs 1,43,000, making a total of Rs 6,43,500. Duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Thiruvalluvar Nagar 27th Cross Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 27th Cross Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Thiruvanmiyur

The guideline value is a crucial factor when buying or selling property in Thiruvanmiyur, as it determines the minimum value at which a property can be registered. This value is used by the registration authorities to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 27th Cross Street?

The current guideline value of Thiruvalluvar Nagar 27th Cross Street is Rs 7,150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,127 per sq.ft in 2002 to Rs 7,150 per sq.ft in 2024, reflecting an overall increase of 534% over this period.

What is the land classification for Thiruvalluvar Nagar 27th Cross Street?

The land classification for Thiruvalluvar Nagar 27th Cross Street is Residential Class IV Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 71,50,000, the stamp duty would be Rs 5,00,500, and the registration fee would be Rs 1,43,000, totaling Rs 6,43,500.

Where can I find the Sub Registrar Office for Thiruvalluvar Nagar 27th Cross Street?

The Sub Registrar Office for Thiruvalluvar Nagar 27th Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.